Yahoo! Inc. Misses Earnings Estimates

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Yahoo! Inc. Misses Earnings Estimates
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Yahoo released its latest earnings report after closing bell tonight, posting non-GAAP earnings of 15 cents per share on revenue of $1.043 billion. Analysts had been expecting the company to post adjusted earnings of 18 cents per share on $1.055 billion in revenue. In the same quarter a year ago, Yahoo reported earnings of 38 cents per share on $1.087 billion in revenue.

Key metrics in Yahoo’s earnings report

GAAP earnings were 2 cents per share, compared to last year’s 2 cents per share. Revenue including traffic acquisition costs was $1.226 billion, compared to last year’s $1.133 billion. Management said the increase in GAAP revenue was mostly due to improvements in search and display revenue. They also pointed out that this is the first time Yahoo has grown its first quarter display ad revenue since 2011.

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